BBLM Avocats advises the ANGE group and supports its three founders in the opening of 35% capital for the benefit of the LOV group.
The ANGE group, a major brand in the bakery sector in mainland France, announces a decisive step with the opening of 35% of its capital to the LOV group. This collaboration marks a new important step for ANGE, which employs approximately 3,500 employees and manages 260 bakeries across the metropolis, in addition to its 8 subsidiaries in Canada. In 2023, the group generated a turnover of 340 million euros, supplemented by 17 million Canadian dollars from its operations in Canada.
The LOV group, owner of La Durée and recognized for its expertise in the sector, will contribute with its know-how and its resources to accelerate the development of the group with the common ambition of becoming the leading network of bakeries in Europe. Thanks to an ambitious growth strategy and a shared vision of excellence, ANGE plans to significantly increase its pace of expansion by aiming to open 40 new bakeries each year.
The BBLM team was composed of:
- Bernard Dumas, Associate lawyer, Alice Paredes, lawyer, Arnaud Cauchois lawyer for the corporate and tax part,
- Helen Coulibaly-Le Gac, Associate lawyer for the competition authority aspect,
- Myriam Angelier, associate lawyer, Margaux Empinet And Lise Martin for the intellectual property part.